Thursday, January 12, 2006

Plan Compliance Group Update

Plan Compliance Group Update: "The president of Plan Compliance Group, the California company responsible for the disappearance last year of more than $2.6 million intended for retirement investments on behalf of island teachers and university professors, attempted suicide last month as the company crumbled under the weight of spreading accusations of fraud."

Turns out money was also stolen from individual investors, not just school districts.

This continues to be a sad story for all involved.

Scott
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